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29th Mar 2024

Ticker

UN: World on track for three-degree warming

Temperatures remain on course towards more than three degrees warming by the end of the century, the UN said on Wednesday. Their emission gap report found that "few G20 members have put words into action in terms of low-carbon rescue and recovery measures". However, a truly 'green recovery' could shave 25 percent off global emissions by 2030. Earth's average temperature has already risen over one degree Celsius.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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